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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net sales $ 8,615.9us-gaap_SalesRevenueGoodsNet $ 9,764.4us-gaap_SalesRevenueGoodsNet $ 10,405.3us-gaap_SalesRevenueGoodsNet
Other revenue 235.5us-gaap_OtherSalesRevenueNet 190.6us-gaap_OtherSalesRevenueNet 156.1us-gaap_OtherSalesRevenueNet
Total revenue 8,851.4us-gaap_Revenues 9,955.0us-gaap_Revenues 10,561.4us-gaap_Revenues
Costs, expenses and other:      
Cost of sales 3,499.3us-gaap_CostOfRevenue 3,772.5us-gaap_CostOfRevenue 4,103.1us-gaap_CostOfRevenue
Selling, general and administrative expenses 4,952.0us-gaap_SellingGeneralAndAdministrativeExpense 5,713.2us-gaap_SellingGeneralAndAdministrativeExpense 5,889.3us-gaap_SellingGeneralAndAdministrativeExpense
Impairment of goodwill and intangible assets 0us-gaap_GoodwillAndIntangibleAssetImpairment 42.1us-gaap_GoodwillAndIntangibleAssetImpairment 44.0us-gaap_GoodwillAndIntangibleAssetImpairment
Operating profit 400.1us-gaap_OperatingIncomeLoss 427.2us-gaap_OperatingIncomeLoss 525.0us-gaap_OperatingIncomeLoss
Interest expense 111.1us-gaap_InterestExpense 120.6us-gaap_InterestExpense 104.3us-gaap_InterestExpense
Loss on extinguishment of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt 86.0us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Interest income (14.8)us-gaap_InvestmentIncomeInterest (25.9)us-gaap_InvestmentIncomeInterest (15.1)us-gaap_InvestmentIncomeInterest
Other expense, net 139.6us-gaap_OtherNonoperatingIncomeExpense 83.9us-gaap_OtherNonoperatingIncomeExpense 7.1us-gaap_OtherNonoperatingIncomeExpense
Total other expenses 235.9us-gaap_NonoperatingIncomeExpense 264.6us-gaap_NonoperatingIncomeExpense 96.3us-gaap_NonoperatingIncomeExpense
Income from continuing operations, before taxes 164.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [1] 162.6us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments [1] 428.7us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income taxes (549.1)us-gaap_IncomeTaxExpenseBenefit (163.6)us-gaap_IncomeTaxExpenseBenefit (335.4)us-gaap_IncomeTaxExpenseBenefit
(Loss) income from continuing operations, net of tax (384.9)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [1],[2] (1.0)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [1],[2] 93.3us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Loss from discontinued operations, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (50.9)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (131.5)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net loss (384.9)us-gaap_ProfitLoss (51.9)us-gaap_ProfitLoss (38.2)us-gaap_ProfitLoss
Net income attributable to noncontrolling interests (3.7)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (4.5)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (4.3)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net loss attributable to Avon $ (388.6)us-gaap_NetIncomeLoss [1],[2] $ (56.4)us-gaap_NetIncomeLoss [1],[2] $ (42.5)us-gaap_NetIncomeLoss
(Loss) earnings per share:      
Basic from continuing operations $ (0.88)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [1],[2],[3] $ (0.01)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [1],[2],[3] $ 0.20us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Basic from discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.12)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.30)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic attributable to Avon $ (0.88)us-gaap_EarningsPerShareBasic $ (0.13)us-gaap_EarningsPerShareBasic $ (0.10)us-gaap_EarningsPerShareBasic
Diluted from continuing operations $ (0.88)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [1],[2],[3] $ (0.01)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [1],[2],[3] $ 0.20us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Diluted from discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.12)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.30)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted attributable to Avon $ (0.88)us-gaap_EarningsPerShareDiluted $ (0.13)us-gaap_EarningsPerShareDiluted $ (0.10)us-gaap_EarningsPerShareDiluted
Weighted-average shares outstanding:      
Basic 434.5us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 433.4us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 431.9us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 434.5us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 433.4us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 432.5us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] In addition to the items impacting operating profit (loss) above, income (loss) from continuing operations, before taxes during 2014 was impacted by a one-time, after-tax loss of $41.8 ($53.7 in other expense, net, and a benefit of $11.9 in income taxes) recorded in the first quarter, primarily reflecting the write-down of monetary assets and liabilities due to the change to the SICAD II rate.In addition, income (loss) from continuing operations, before taxes during 2013 was impacted by a one-time, after-tax loss of $50.7 ($34.1 in other expense, net, and $16.6 in income taxes) recorded in the first quarter, primarily reflecting the write-down of monetary assets and liabilities and deferred tax benefits due to the devaluation of Venezuelan currency. Income (loss) from continuing operations, before taxes during 2013 was also impacted by a loss on extinguishment of debt of $73.0 before tax in the first quarter of 2013 caused by the make-whole premium and the write-off of debt issuance costs associated with the prepayment of our Private Notes (as defined in Note 5, Debt and Other Financing), as well as the write-off of debt issuance costs associated with the early repayment of $380.0 of the outstanding principal amount of the term loan agreement (as defined in Note 5, Debt and Other Financing). In addition, income (loss) from continuing operations, before taxes during 2013 was impacted by a loss on extinguishment of debt of $13.0 before tax in the second quarter of 2013 caused by the make-whole premium and the write-off of debt issuance costs and discounts, partially offset by a deferred gain associated with the January 2013 interest-rate swap agreement termination, associated with the prepayment of the 2014 Notes (as defined in Note 5, Debt and Other Financing).
[2] (Loss) income from continuing operations, net of tax during 2014 was negatively impacted by a non-cash income tax charge of $404.9. This was primarily due to a valuation allowance of $383.5 to reduce our deferred tax assets to an amount that is "more likely than not" to be realized, which was recorded in the fourth quarter of 2014. In addition, (loss) income from continuing operations, net of tax during 2014 was favorably impacted by the $18.5 net tax benefit recorded in the fourth quarter of 2014 related to the finalization of the FCPA settlements. In addition, (loss) income from continuing operations, net of tax during 2013 was impacted by valuation allowances for deferred tax assets of $41.8 related to Venezuela in the fourth quarter of 2013 and $9.2 related to the China business in the third quarter of 2013.
[3] The sum of per share amounts for the quarters does not necessarily equal that for the year because the computations were made independently.